The contract structure reflects the obligations of the builder and the buyer. The yacht building yard will enumerate all the luxury yacht buyer’s individual requirements in the contract, which will probably go through several drafts before finalization. The individual nature of luxury yachts means that yacht-building contracts are not standardized the way that oil tanker contracts are standardized. It includes the in-shore and coastal survey, but also ultrasonic tests, hull moisture tests, heat-sensing scans, engine manifold tests, and more.
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